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Indian startups line up ₹50,000 crore IPO pipeline for 2026
Improving profitability has prompted Indian startups to plan large IPOs in 2026, led by PhonePe and Zepto.
India’s new age startups are preparing for a potential ₹50,000 crore IPO wave in 2026 as profitability improves across the sector. PhonePe is expected to target a public issue valued at ₹13,000–14,000 crore, while Zepto may seek around ₹11,000 crore. Founders are increasingly focusing on cash flow discipline and sustainable growth ahead of listings.